Here's the list of Countries that don't tax crypto gains ????

1. BELARUS

Belarus is taking an experimental approach to cryptocurrencies. In March 2018, a new law legalized cryptocurrency activities in the East European state, exempting individuals and businesses involved in them from taxes until 2023 (when it will come up for review.)

Under the law, mining and investing in cryptocurrencies are deemed personal investments, and so exempt from income tax and capital gains.

The liberal laws aim to boost the development of a digital economy, and technological innovation. The country was recently ranked third in Eastern Europe and 19th globally in levels of P2P crypto trading.

- GERMANY

For German residents, any cryptocurrency held for over a year is tax-exempt, regardless of the amount. If the assets are held for less than a year, capital gains tax doesn’t accrue on a sale, as long as the amount does not exceed 600 euros ($692).

However, for businesses it’s a different matter; a startup incorporated in Germany still needs to pay corporate income taxes on cryptocurrency gains, just as it would with any other asset.

- HONG KONG

It isn't a country per se, but a Special Administrative Region of China, with theoretical autonomy over its own affairs. And Hong Kong’s tax legislation on cryptocurrencies is a broad brush affair, even after new guidance was issued in 2020.

- EL SALVADOR

Bitcoin is their legal tender lol

- MALAYSIA

In Malaysia, cryptocurrency transactions are currently tax-free, and cryptocurrencies don’t qualify for capital gains tax, because digital currencies are not considered assets or legal tender by the authorities.

- MALTA

The government of the so-called “Blockchain Island” recognizes Bitcoin “as a unit of account, medium of exchange, or a store of value.”

Malta doesn’t apply capital gains tax to long-held digital currencies like Bitcoin, but crypto trades are considered similar to day trading in stocks or shares, and attract business income tax at the rate of 35%. However, this can be mitigated to between five percent and zero, through “structuring options” available under the Maltese system.

- PORTUGAL

Portugal has one of the most crypto-friendly tax regimes in the world.

Proceeds from the sale of cryptocurrencies by individuals have been tax-exempt since 2018, and cryptocurrency trading is not considered investment income (which is normally subject to a 28% tax rate.)

However, businesses that accept digital currencies as payment for goods and services are liable to income tax.

- SINGAPORE

Capital gains tax does not exist in Singapore, so neither individuals nor corporations holding cryptocurrency are liable.

- SLOVENIA

Slovenia is another country that treats individuals and businesses separately under its cryptocurrency tax system.

- SWITZERLAND

It’s no surprise that Switzerland, home to the innovation hub known as “Crypto Valley”, has one of the most forward-thinking tax policies too.

Cryptocurrency profits made by a qualified individual through investing and trading are treated as tax-exempt capital gains.

- BERMUDA

There's another type of country that doesn't tax cryptocurrency gains, of course; tax havens where digital assets aren't singled out for special consideration, but which have a blanket low-tax regime.